Mortgage Industry News
Mortgage Application Activity Slows Down
The seasonally adjusted Purchase Index dipped by a scant 0.1% from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Franklin Credit will make a monetary payment of $300,000 to the state Continue Reading Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Mortgage Rates Fall Further Away From 7%
The 30-year fixed-rate mortgage averaged 6.67% as of Dec. 21, down from last week when it averaged 6.95% Continue Reading Mortgage Rates Fall Further Away From 7%
MBA: Median Mortgage Payments Drop by $62 in November
“Homebuyer affordability improved in November, with a decline in mortgage rates providing relief to prospective homebuyers,” said MBA’s Edward Seiler. Continue Reading MBA: Median Mortgage Payments Drop by $62 in November
Mortgage Application Activity Trends Downward
The Refinance Index decreased 2% from the previous week, although it was 18% higher than the same week one year ago. Continue Reading Mortgage Application Activity Trends Downward
Mortgage demand falls to lowest in two months as rates stagnate
Source: CNBC --- Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers...
Record increase in real estate agent numbers over last year
Source: Stuff --- Covid-19 is the reason Ajit Saini became a real estate agent and new Real Estate Authority figures show he is not alone. A record number of people joined the industry last year. Saini, 42, had worked in sales for a large furniture company for many...
NAMB President and SRE.com Announce Partnership to Launch SRE Marketplace
Source: Business Wire --- NAMB President Kimber White and SRE.com President John G. Stevens, who is also a former president of that organization, have announced a partnership that will provide a new member benefit aimed at preparing loan originators to compete more...
Actual cost of buying a house with the help of a home loan
Source: Financial Express --- Here are a few pointers that could help you make a rough estimate of the actual cost of buying a house with a help of a home loan. Many consider owning a home to be one of the biggest financial goals of a lifetime. A home not just gives...
How do we make more affordable housing?
Source: MPR News --- The pandemic pushed the U.S. housing market into a frenzy, with the demand for housing far outpacing the number of homes on the market. The market cooled off a bit in July. But the cost of the average home has been on an upward climb for a while...
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto
Source: News.Bitcoin --- A Venezuelan individual has reportedly purchased an apartment using cryptocurrency, specifically Tether, in the coastal state of Anzoategui last month. This is one of the first purchases of real estate with crypto that has been recorded in the...
Life Sciences Real Estate is Going Viral – What Lenders Need to Know
Source: JDSupra --- While traditional office and retail properties have come under pressure from work-from-home and social distancing measures imposed during the COVID-19 pandemic, life sciences real estate has thrived. Moreover, given an aging population and a...
John G. Stevens Honored With The “Top 100 Global Leaders in Finance” Award At GCIF Las Vegas, 2021
Source: GCIF --- Las Vegas, Nevada — July 3, 2021 — John G. Stevens was honored with the prestigious “Top 100 Global Leaders in Finance” award for his significant and tangible contributions towards the finance industry at the inaugural edition of GCIF — Global...
7 Tips For Refinancing Your Mortgage ASAP
Source: MSN...As mortgage rates remain low, refinancing your mortgage can be a good way to reduce your monthly expenses or accelerate your savings. With current rates near the all-time low, refinancing your home loan now can help you save thousands over the course of...
The Housing Market Forecast for the Rest of 2021, According To Realtors
Source: Go Banking Rates --- It’s no secret that the COVID-19 pandemic has turned the real estate market into a wild domain. If you’re looking to buy or sell a home, you’re likely eager to know how long this will last. In June 2021, home prices across the U.S. surged...
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